Exercise 9-16 (Algo) Conventional retall method; normal spollage (L09.4) Almaden Valley Variety Store uses the retail inventory method to estimate ending inventory and cost of goods sold. Data for 2021 are as follows: Cost Beginning inventory Rutat $ 15,5 21, Purchases tes, 168, Freight-in 2.70 Purchase return 5.1 8.50 tarkus 7.500 tarkdown 4. SO oral pollage 4. So Net als 115,00 Required: Complete the table below to estimate the ending inventory and cost of goods sold for 2021. apoying the conventional retail method using the information provided (Round ratio calculation to 2 decimal places (l... 0.1234 should be entered a 12.34%). Inter amounts to be deducted with a minus sign.) Cost Retail Castall Ratio 23.000 161.000 Beginning inventory Purchases Freight in Purchase returns Ne markups 15.000 5 100 000 2.700 6.500) 7.500 14.500) Goods avbe for sale 117.000 Activ Cout-torta percentage Mat Required: Complete the table below to estimate the ending inventory and cost of goods sold for 2021, applying the conventional retail method using the information provided. (Round ratio calculation to 2 decimal places (l ... 0.1234 should be entered as 12.34%.). Enter amounts to be deducted with a minus slgn.) Cost $ Retail Cost to Retail Ratio 23.000 168.000 Beginning inventory Purchases Freight in Purchase returns Netmar 15,000 105.000 2.700 (5.500) 7.800 14.500) Netmarkdowns Goods available for sale 117.000 Costore percentage (4.500) (156.000) Noma spolage Net sales Estimated ending inventory area Estimated ending inventory at cost Ested cost of goods sold